Arab Today, arab today dollar weakens on downbeat data
Last Updated : GMT 01:05:23
Arab Today, arab today
Arab Today, arab today

Dollar weakens on downbeat data

Arab Today, arab today

Arab Today, arab today Dollar weakens on downbeat data

New York - XINHUA

The U.S. dollar retreated against other major currencies on Wednesday as newly released data of the U.S. service sector and private sector employment failed to meet expectations. The Institute for Supply Management\'s index of the U.S. non- manufacturing sector fell to 54.4 in March from 56 of the previous month, indicating a slower growth in the service sector. The data weighed on the dollar as the service sector accounts for almost 90 percent of the U.S. economy. The U.S. private sector continued to add jobs in March, but posted the smallest gain in the past five months, mainly because the construction sector held off on hiring. The Automatic Data Processing (ADP) reported U.S. private companies added 158,000 jobs in March, lower than the previous month and market expectation. Meanwhile, the yen strengthened versus major currencies after the Bank of Japan began a two-day policy meeting on Wednesday. It is the first policy meeting for the new governor Haruhiko Kuroda. Although he has repeatedly said that he would do whatever it takes to reach the 2 percent inflation target in two years, investors are betting that his real follow-up may be less aggressive. Investors remained cautious ahead of the monthly U.S. employment data for March which is due to be released on Friday, and the policy meeting of the European Central Bank. In late New York trading, the euro climbed to 1.2846 dollars from 1.2814 dollars of the previous session and the British pound rose to 1.5143 dollars from 1.5107 dollars. The Australian dollar increased to 1.0463 dollars from 1.0448 dollars. The dollar bought 92.87 Japanese yen, lower than 93.37 in the previous session. It edged down to 0.9448 Swiss francs from 0.9493 Swiss francs and went down to 1.0144 Canadian dollars from 1.0148 Canadian dollars of the previous trading day.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dollar weakens on downbeat data Arab Today, arab today dollar weakens on downbeat data

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday